IREIT Global Extends and Increases Loan Facility
IREIT Global has amended its facility agreement with UniCredit Bank and Landesbank Hessen-Thüringen, increasing the loan facility to €220.76 million and extending the maturity date to July 31, 2029. This strategic move enhances IREIT's financial flexibility and market positioning. The current analyst rating for IREIT Global (SG:UD1U) is a Hold with a price target of S$0.30. IREIT Global is a Singapore-based real estate investment trust focusing on property investments and management, with a market cap of S$390 million.
The latest announcement is out from IREIT Global ( (SG:UD1U) ).
IREIT Global has announced an amendment to its existing facility agreement with UniCredit Bank GmbH and Landesbank Hessen-Thüringen Girozentrale, increasing the loan facility to €220,760,000 and extending the maturity date to July 31, 2029. This move is significant for IREIT’s financial strategy, as it provides additional capital and extends the timeline for repayment, potentially enhancing the company’s operational flexibility and market positioning.
The most recent analyst rating on (SG:UD1U) stock is a Hold with a S$0.30 price target. To see the full list of analyst forecasts on IREIT Global stock, see the SG:UD1U Stock Forecast page.
More about IREIT Global
IREIT Global is a real estate investment trust based in Singapore, managed by IREIT Global Group Pte. Ltd. The company focuses on property investments and management, with a market focus on real estate assets.
Average Trading Volume: 686,684
Technical Sentiment Signal: Buy
Current Market Cap: S$390M
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